CenterPoint Energy Inc

Industry: Electric Utilities

Fortune Rank: 275

CenterPoint Energy, Inc. is an electricity and natural gas delivery company with almost five million metered customers. For the 6 months ended 6/30/05, revenues increased 11% to $4.69B. Net income from continuing operations before extra. item totaled $94.4M, up from $26.2M. Revenues reflect an increase in natural gas distribution revenues. Net income also reflects the inclusion of a $69.6M return on true-up balance.

CenterPoint Energy, Inc. is a public utility holding company, whose subsidiaries own and operate electric transmission and distribution facilities, gas distribution systems, natural gas pipelines and gas gathering systems. Its wholly owned subsidiaries include CenterPoint Energy Houston Electric, LLC, which provides electric transmission and distribution services in the Texas Gulf Coast area, and CenterPoint Energy Resources Corp., which owns gas distribution systems serving approximately 3 million customers in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas. The Company has four business segments: Electric Transmission and Distribution, Natural Gas Distribution, Pipelines and Gathering, and Other Operations. On December 14, 2004, Texas Genco Holdings, Inc. (Texas Genco), merged with a wholly owned subsidiary of the Company. On December 15, 2004, Texas Genco completed the sale of its fossil generation assets to Texas Genco LLC.

CenterPoint Energy Inc

CenterPoint Energy Inc is a Fortune 500 company. In 2010 CenterPoint Energy Inc was ranked number 275 on the Fortune 500 list, making it the 275th largest company in the United States when judged by revenue.

CenterPoint Energy Inc achieved revenue of $8,281.00 million in 2010 and earned a profit of $372.00 million.

CenterPoint Energy Inc's rank changes

The company's ranking in 2010 was a decline from 2009 when it was ranked 238th on the Fortune 500. The Previous ranking was based on its 2009 revenue of $11,322 million (a change of -3 million compared to 2010) and profits of $447 million (a change of -75 million compared to 2010).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then CenterPoint Energy Inc would be ranked 255th rather than 275th due to its profits of $372 in 2010.

CenterPoint Energy Inc Revenue* Profit* Fortune Ranking

* US$ Million

USPages Latest Business News At A Glance Business Shortcuts